Latest Banking jobs   »   First Bi- Monthly Monetary Policy Statement,...

First Bi- Monthly Monetary Policy Statement, 2016-17

First Bi- Monthly Monetary Policy Statement, 2016-17 |_2.1

Reserve Bank of India (RBI) today cuts the Repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.5% in its first bi-monthly monetary policy review for the 2016-17 fiscal and kept the Cash Reserve Rate (CRR) unchanged

Repo Rate is the rate at which banks borrow from the central bank. One basis point is one hundredth of a percentage point. The repo rate now stands at 6.5%, the lowest it has been since March 2011. With this, Home, auto and other loans are set to become cheaper.


To Read More Click Here



Leave a comment

Your email address will not be published. Required fields are marked *